Sunday, May 20, 2012

Don't Fall For It

Notice how the media, with prompting from the White House, are beginning to frame and simplify the solution to the economic crisis in Europe and the Great Recession here as either "austerity" (bad) or "growth" (good)?

For heaven's sake, the only growth they're talking about is in taxes, spending, and debt. And please don't mistake austerity for, well, austerity. Imagine speeding toward a cliff at 100 mph. Austerity for this bunch means slowing down to say 60-70 mph while still headed for the same cliff.